HERE Technologies, a player in mapping and location platform services, and HYUNDAI MNSOFT announced the intention to enter into a broad global alliance to ensure competitiveness in HD mapping and location services. Together, the companies aim to better serve customers in an era of rapid industry change, both in South Korea and worldwide.
As a part of the agreement, HERE Technologies and HYUNDAI MNSOFT will explore a collaboration on dynamic high-definition maps. HERE will also develop its presence in South Korea by drawing on HYUNDAI MNSOFT’s rich South Korean map and IVI software.
The new deal expands on the companies’ strong history of building maps together. Since 2005, HERE has provided HYUNDAI MNSOFT with global map data for Hyundai KIA vehicles. Both companies are also open to exploring additional opportunities in the future such as commercial and technical collaboration on HD maps.
Edzard Overbeek, CEO of HERE Technologies, said, “We are excited to bring our longstanding partnership to the next level to drive innovation. HERE and HYUNDAI MNSOFT will combine our collective resources to better serve customers and further our HD mapping objectives in South Korea and globally.”
Jeesoo Hong, CEO of HYUNDAI MNSOFT, said, “We are expecting the alliance to contribute greatly to the quality and development of mapping technology and map data, not only in South Korea but also worldwide. With this strong partnership, HYUNDAI MNSOFT and HERE will elevate and expand both the standard and coverage of HD maps, essential for autonomous driving.”